Growth Accelerations

  title={Growth Accelerations},
  author={Ricardo Hausmann and Lant Pritchett and Dani Rodrik},
  journal={Journal of Economic Growth},
Unlike most cross country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least 8 years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange rate depreciations. Political-regime changes are statistically significant predictors of growth accelerations. External shocks tend to… 
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